Report
Olfa Taamallah ...
  • Yan Derocles

Thales : Q3 sales preview - Slight cyclical slowdown before a re-acceleration in Q4

>Q3 sales down 0.3% on an organic basis penalised by a demanding comparison base in defence - For Q3 (publication on 26 October before market open), we anticipate sales of € 3,589m excluding transport now treated as a “discontinued activity”, down 0.3% on an organic basis. This slight decline is primarily linked to the comparison base for the defence and security division which in Q3 2020 benefited from a catch-up effect stemming from the reduction in the traditional ...
Underlying
Thales S.A.

Thales is an electronics and systems group, serving defense, aeronautics, transport, space and security markets. Co.'s operations can be divided into four operating segments: Aerospace (Avionics, Space), Transportation (Ground Transport Systems), Defence & Security (Secure Communications & Information Systems Land and Air Systems, Defence Mission Systems), and DCNS. Co. designs and delivers systems for all four environments: air, land, sea and space. These systems detect and assess threats, manage information, support command decisions and control engagements through to threat neutralization. Co. is active in ground transportation; air transport; navigation systems.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Olfa Taamallah

Yan Derocles

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